Category: Cryptocurrency

  • Binance Seeks Investments From Sovereign Wealth Funds

    The cryptocurrency exchange’s global entity is looking to ameliorate its relationships with governments. BINANCE is in preliminary discussions with “several” sovereign wealth funds about investing in its global entity, CEO Changpeng “CZ” Zhao said in a Nov. 23 interview with the Financial Times, declining to name any specific funds. Zhao hopes that Binance’s “perception and […]

  • Bitcoin, Ethereum fall as India moves to ban cryptos

    CRYPTOCURRENCY assets, Bitcoin and Ethereum, saw fall in value in India as the country plans to ban transactions of several private cryptocurrencies.  The fall came after the Indian government announced a new financial regulation bill on Tuesday. The ‘Cryptocurrency and Regulation of Official Digital Currency’ bill sets out to create a framework for an official digital currency […]

  • Bitcoin drops by 7% amid China crypto mining ban

    The value of cryptocurrency asset Bitcoin has fallen by seven per cent after China has announced plans to restrict cryptocurrency activities in the country further. THE value of cryptocurrency asset Bitcoin has fallen by seven per cent after China has announced plans to restrict cryptocurrency activities in the country further.  “Virtual currency is a specific […]

  • Cryptocurrency: The NextGen commerce catalyst

    A cryptocurrency is a digital or virtual currency secured by cryptography, making it extremely difficult to counterfeit. Cryptocurrencies allow for secure online payments which are labelled in terms of virtual “tokens,” which are represented by ledger entries. Crypto refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as public-private key […]

  • Move over, bitcoin. Ether is back and nipping at your heels

    BITCOIN has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world’s second most valuable cryptocurency. Ethereum, or ether for short, is also trading at record levels. It’s now hovering around $4,850, having soared more than 560% this year, compared to the “mere” 135% […]

  • Cryptocurrencies post record inflows in latest week -CoinShares data

    CRYPTOCURRENCY products and funds had record inflows last week to the tune of $1.5 billion, their 10th straight week of investments, as optimism soared with the trading of bitcoin exchange traded funds, a report from digital asset manager CoinShares showed on Monday. Inflows so far this year hit $8 billion, far exceeding the record set […]

  • Obi Cubana gifts loyal employees N1M each and certificate of appreciation

    CEO of Cubana Group, Obi Iyiegbu Cubana awards the whopping sum of one million naira and a certificate of appreciation to his loyal employees. This is coming days after Obi Cubana was released from the custody of the Economic and Financial Crimes Commission, EFCC, over alleged tax evasion and fraud. In a video making rounds […]

  • Global crypto market value exceeds $3tn for first time

    THE world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday, as mainstream investors increasingly jump on board. The value has reached $3.007 trillion (2.6 trillion euros), said CoinGecko, which tracks prices of more than 10,000 cryptocurrencies. “The crypto market is growing at a mind-blowing speed,” noted SwissQuote analyst […]

  • Binance to stop Singapore users buying or trading crypto on main platform

    ■ Binance, one of the world’s largest cryptocurrency exchanges, said on Monday that users in Singapore would no longer be allowed buy and trade cryptocurrencies on its main platform, to comply with local regulation. The Monetary Authority of Singapore (MAS) this month warned Binance.com that it could be in breach of local laws and should […]

  • TWITTER & BITCOIN: A LOVE STORY

    TWITTER BOSS REVEALS INTEREST IN BITCOIN MINING ■ Multi-billionaire Twitter CEO, Jack Dorsey will soon start mining Bitcoin according to a recent message on his handle. “I’m trying mining with @compass_mining too,” he replied to a tweet also mentioning the new cryptocurrency company advertising all-in-one mining bundle subscriptions. Last month, Jack Dorsey explained during an […]